By Drew Ianni
September 24, 2020
The Mastercard Interview – Harnessing a Data Goliath
DX Editor-in-Chief Drew Ianni sat down with Raj Seshadri, President of Data and Services at Mastercard for a digital discussion at the recent Techonomy Virtual Summit.
We are awash in personal and customer data. And as privacy, cybersecurity and growing regulations around artificial intelligence remain front-and-center issues, how does a data goliath like Mastercard manage its data strategy to benefit its customers while respecting privacy and insuring security? There are over 2.5 billion Mastercard branded debit and credit cards issued globally and the company processes over 87 billion transactions per year.
In 2005, the company created Mastercard Labs which, according to Seshadri, has helped the firm accelerate innovation so “We can keep our global network secure, all MasterCard transactions secure, and the broader digital ecosystem secure.”
- Check out Mastercard’s inaugural report on COVID’s impact on consumer spending and how companies have managed the shift to digital: https://bit.ly/3guQnFP